Only For Elites Could High Gas Be Good Thing

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Only For Elites Could High Gas Be Good Thing

The other day in southwestern Fresno County, a poor part of Central California, I talked with a number of folks at a rural gas station. Most drove second- and third-hand pickups, large cast-off sedans or used SUVs.

Their general complaint was twofold: They didn't have the cash to buy a new fuel-efficient Honda or Toyota.

And they were now spending a day or two of their wages just to fuel their cars for their long rural commutes.